9 Savvy Ways to Flip Your Tax Return

Tax season comes to an end in a few short weeks. The average tax return is $3,000. That’s a pretty healthy amount of extra cash to have lying around. How do you intend to invest your tax return?

Here are 9 savvy ways to flip your tax return:

  1. Pay off high-interest debt.
  2. Tuck away three to six months’ worth of expenses in an emergency fund.
  3. Contribute up to $5,500 to an IRA for 2017 (or $6,500 if 50 or older) — and withdraw the money tax-free in retirement. You can contribute the full $5,500 as long as your income falls below $118,000 if you’re single, and $186,000 if married filing a joint tax return.
  4. Buy shares in a mutual fund or stock.
  5. Invest extra cash into a college education for the kiddies. Contribute to a 529 account.
  6. Treat yourself or your family to a vacation. Who believes in all work and no play?
  7. Increase your 401K contribution.
  8. Give a tax-free annual gift.
  9. Invest in your career or business.

 

@Robinrazzi


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I am a digital content creator and have worked in the digital space for more than ten years. "Robinrazzi" is a nickname given from a former colleague because I'm known for having a camera in hand at all times. I have traveled the world covering entertainment events, celebrities and anything trending. I earned my BA in Communications from Penn State and a MS in Marketing from Johns Hopkins University. I currently serve as Director of Digital Content for WHUR and the Howard University Radio Network.

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